Introduction
In an intriguing update to the cryptocurrency community, Michael Saylor, co-founder and executive chairman of Bitcoin treasury firm Strategy – formerly known as MicroStrategy – recently announced a newly established entity called the “Bitcoin Defence Department” on his X social media account. This announcement coincided with Strategy’s plans for a new initial public offering (IPO) of its STRC stock, aimed at reinforcing its Bitcoin buying strategy.
Announcement Details
The tweet featured a pentagon-shaped graphic, reminiscent of the iconic Pentagon building in Washington, D.C. Each vertex represented various Strategy stocks: MSTR prominently at the top, followed in a clockwise direction by STRC, STRD, STRK, and STRF. These stocks have been integral to the company’s efforts in gathering funds from institutional investors to bolster its Bitcoin reserves.
Upcoming IPO and Financial Strategy
According to Saylor’s earlier press release, the upcoming STRC offering is to include up to 5 million shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, each priced at $100. The capital raised will primarily be allocated to general corporate expenses, notably including Bitcoin acquisitions and operational funding.
Recent Bitcoin Purchases
On July 21, Strategy revealed yet another significant Bitcoin purchase, acquiring 6,220 BTC at an approximate price of $118,940 each, totaling nearly $739.8 million. As of July 20, the company had amassed a formidable Bitcoin treasury of 607,770 BTC, valued at approximately $71.7 billion based on a market price of $118,040.
Performance and Market Position
Moreover, Saylor’s tweet mentioned that the company achieved a yield of 20.8% on its Bitcoin investments year-to-date for 2025. Since its inception, Strategy remains a key player in the cryptocurrency sector, having invested around $43.61 billion in Bitcoin, effectively positioning itself as a powerhouse in the digital asset market.
